Newcomers to trading note that finding a good platform is quite challenging, despite the increasing number of active brokers every day. Despite the vast number of lucrative offers, most turn out to be false, and receiving payouts from such sites is practically impossible. In this Equithy Global review, you will learn why they can be classified as scammers.
Is Equithy Global a Trusted Broker?
On the platform’s homepage, users are greeted with a “unique” offer to obtain a debit card for cryptocurrency use. This already raises suspicions because most banks do not provide such capabilities to customers, and it is unclear which organization will regulate the card’s operations and how reliable and secure it is. Usually, brokers do not offer traders the option to obtain a plastic card, let alone claim that it can be used to easily make cryptocurrency purchases.
Additionally, the broker publishes reviews from satisfied customers who claim that this is the best platform with convenient functionality and the ability to get rich in just a few seconds. It is impossible to verify the realism of these reviews because there are no contact details for traders who have actually been satisfied with their cooperation with Equithy Global.
The broker does not disclose the identities of the organization’s owners and also does not indicate that “experienced managers” assist clients in making profitable trading operations. It is hard to believe that the employees are focused on helping novice traders at all because it is simply impossible to verify their qualifications.
The simplest account will cost $200, and without this amount, it will be impossible to assess all the platform’s capabilities because Equithy Global’s website does not have a demo mode that could familiarize a potential client with the available functionality. The absence of information about the company’s license and registration on the homepage also raises suspicions about the legality of the company’s activities. Usually, brokers strive to ensure transparency by publishing permits for the provision of their services from global regulators, but Equithy Global broker completely hides this information and most likely conducts illegal activities. Documents can be found stating that this company is allegedly registered in Saint Vincent and the Grenadines. However, we checked this registry, and there are no matches for the company name in it. In other words, such a legal entity is definitely not registered there.
The customer support service does not work around the clock, only at certain times. If you have urgent questions, you won’t be able to resolve them quickly because you will have to wait for the operators to start their working day.
Concerned About Withdrawal?
The broker did not pay enough attention to publishing information about available deposit and withdrawal methods. On the website, you can find information related to the financial aspect of cooperation only in the frequently asked questions, and there is only a general statement that clients can use a credit/debit card or electronic payments to deposit money into their account.
How Long Does The Broker Work?
The owners did not publish data on the duration of the organization’s operation, but they stated that it has been operating for many years. But is this really the case? In a special service that allows you to find out the real existence period of any company with its own domain on the Internet, the following information appears. Equithy Global started operating on March 6, 2024, and there can be no talk of any multi-year experience because the platform has only been on the market for a few months.
Other Signs of Fraud
โ Typically, licensed brokers set a low minimum deposit threshold and do not restrict traders with high amounts like $200.
โ Bonus program. Many regulators prohibit its use, as well as excessively high leverage.
Equithy Global Review Conclusions
It is better not to collaborate with trading platform Equithy Global because it has a very short operating period. Clients often complain about problems with depositing funds and the inconveniences associated with the high minimum deposit threshold. There are also comments in which traders complain about the inability to withdraw funds.
โ There are contact details for communication.
โ No license and registration.
โ Fake reviews on the homepage.
โ Excessive minimum deposit amount.
FAQ
How is Equithy Global Regulated?
The platform’s activities are not regulated at all. It doesn’t even have its own office, and clients are at high risk when depositing funds on the Equithy Global website because all the signs we mentioned earlier indicate that the broker deceives traders and does not withdraw funds.
Is It Safe to Invest With This Broker?
It’s not safe because the positive reviews on the homepage do not reflect the real risks of collaborating with Equithy Global. The company is not licensed and registered, and the user agreement was simply copied from other platforms.
How to Get Your Money Back?
The best solution in a situation where the broker is not willing to come to a peaceful agreement and return your money is to contact law enforcement agencies.
Brief Conditions
Type |
Forex |
Location |
โ |
Establishment Year |
2024 |
Regulation |
โ |
Customer Service |
โ |
Languages |
En |
Demo Account |
โ |
Mobile Trading |
โ |
Web-based Trading |
โ |
Bonuses |
โ |
Minimum Deposit |
$200 |
Max. Leverage |
1:400 |
Scalping Allowed |
โ |